Geode Capital Management LLC Raises Holdings in Tenable Holdings, Inc. $TENB

Geode Capital Management LLC increased its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,906,858 shares of the company’s stock after acquiring an additional 42,223 shares during the quarter. Geode Capital Management LLC owned approximately 2.38% of Tenable worth $98,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of TENB. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Tenable during the first quarter valued at approximately $69,000. Caitong International Asset Management Co. Ltd raised its holdings in Tenable by 743.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company’s stock valued at $86,000 after buying an additional 2,178 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Tenable during the 1st quarter valued at $109,000. CWM LLC boosted its position in Tenable by 962.5% during the 1st quarter. CWM LLC now owns 5,801 shares of the company’s stock valued at $203,000 after buying an additional 5,255 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Tenable by 546.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,816 shares of the company’s stock worth $203,000 after acquiring an additional 4,917 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on TENB shares. UBS Group upped their price objective on shares of Tenable from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Wedbush upped their price target on Tenable from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. cut their price objective on Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, October 27th. Morgan Stanley boosted their target price on Tenable from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tenable presently has a consensus rating of “Hold” and an average price target of $38.63.

Insider Buying and Selling at Tenable

In related news, CEO Stephen A. Vintz sold 29,196 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $883,179.00. Following the sale, the chief executive officer owned 358,949 shares of the company’s stock, valued at $10,858,207.25. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director A Brooke Seawell sold 4,622 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $30.12, for a total transaction of $139,214.64. Following the completion of the sale, the director owned 15,000 shares in the company, valued at approximately $451,800. This trade represents a 23.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 64,555 shares of company stock valued at $1,951,065. Insiders own 1.50% of the company’s stock.

Tenable Trading Up 1.6%

NASDAQ TENB opened at $26.06 on Friday. The firm has a market capitalization of $3.11 billion, a PE ratio of -96.52 and a beta of 0.71. The stock’s 50 day moving average is $28.89 and its 200 day moving average is $30.91. Tenable Holdings, Inc. has a twelve month low of $25.28 and a twelve month high of $45.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $252.44 million during the quarter, compared to the consensus estimate of $247.43 million. During the same quarter last year, the company posted $0.32 EPS. Tenable’s revenue for the quarter was up 11.2% compared to the same quarter last year. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS. Q4 2025 guidance at 0.390-0.430 EPS. Research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

About Tenable

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization’s IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.